Follow The Short Interest: Is Buying CODA OCTOPUS GROUP (OTCMKTS:CDOC) Here Good Idea?

November 29, 2016 - By Linda Rogers   ·   0 Comments

Follow The Short Interest: Is Buying CODA OCTOPUS GROUP (OTCMKTS:CDOC) Here Good Idea?

The stock of CODA OCTOPUS GROUP (OTCMKTS:CDOC) registered a decrease of 83.33% in short interest. CDOC’s total short interest was 800 shares in November as published by FINRA. Its down 83.33% from 4,800 shares, reported previously. The stock closed at $0.105 during the last session. It is down 5.00% since April 26, 2016 and is uptrending. It has underperformed by 0.26% the S&P500.

Coda Octopus Group, Inc. designs and makes three-dimensional sonar solutions and other products. The company has a market cap of $11.69 million. In addition, the Company supplies marine engineering business services to prime defense contractors. It has a 5.1 P/E ratio. It operates through two divisions: Marine Technology Business and Marine Engineering Business (Services or Contracting segment).

CDOC Company Profile

Coda Octopus Group, Inc., incorporated on July 13, 2004, creates and makes three-dimensional (3D) sonar solutions and other products. In addition, the Company supplies marine engineering business services to prime defense contractors. The Firm operates through two divisions: Marine Technology Business (Products segment) and Marine Engineering Business (Services or Contracting segment). The Company’s divisions operate in over two geographic locations, which include the United States and Europe. The Company’s products are used in the underwater construction market, offshore gas and oil and wind energy industry, and in the dredging, port security, mining and marine sciences sectors. The Company’s clients include service providers to gas and oil companies, law enforcement agencies, ports, mining companies, defense companies, universities, and research and development institutions.

Another recent and important Coda Octopus Group, Inc. (OTCMKTS:CDOC) news was published by Seekingalpha.com which published an article titled: “Coda Octopus Group: Cheap, Moat-Protected, And In A Pinch” on March 18, 2014.

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By Linda Rogers


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